pooja: definitely.it about introducing tiering is a clear message that rates can go lower and stay at these levels forever. and you cannot stop markets from pricing in 30 or 40 basis point cuts if the data does deteriorate. these other signals we got from the ecb meeting. from a forward rate point of view, i think the governing council did deliver much more than markets had expected. but it seems there is not much consensus into what will be the exact package that will be delivered. i think that is what drove the selloff and the confusion. on,: pleasure having you hope to get you back on. kumra, senior rate strategist at toronto dominion bank. talking to us about the exciting ecb meeting. today, we have got the gdp number out of the u.s. which should make a big difference in expectations. up, mike pompeo tells us he would be happy to travel to tehran to address the iranian people personally. our interview with the secretary of state is next. this is bloomberg. ♪ anna: welcome back to the european open.